Merion Realty Partners Sells 231-Unit Multifamily Property in Wilmington, Delaware

WILMINGTON, DEL. — Merion Realty Partners has completed the sale of 1303 Delaware Apartment Homes, a multifamily property located in the Trolley Square neighborhood of Wilmington. Capano Residential purchased the property free and clear of debt for an undisclosed price. Mark Thomson, Carl Fiebeg and Francis Coyne of HFF represented the seller in the deal. The property consists of 231 studio, one-, two- and three-bedroom apartments averaging 928 square feet. Additionally, James Conley of HFF arranged a fixed-rate Fannie Mae acquisition loan for the buyer.